Gaming: other; allocation of revenue under the lawful internet gaming act to the Michigan agriculture equine industry development fund; remove cap. Amends sec. 15 of 2019 PA 152 (MCL 432.315). TIE BAR WITH: HB 4347'25
REFERRED TO COMMITTEE ON REGULATORY AFFAIRS
Summary
The legislation amends the Lawful Internet Gaming Act to change how the tax on online casino operators is divided. It keeps 30% for city programs, sends 66% to the state, and directs 4% to the Michigan Agriculture Equine Industry Development Fund, removing the previous $3 million annual limit. The change also sets fixed funding levels for the equine fund in future fiscal years and ties the bill’s enactment to a companion measure, HB 4347.
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